Dana (DAN) Issues Quarterly Earnings Results

Share on StockTwits

Dana (NYSE:DAN) issued its earnings results on Friday. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05, MarketWatch Earnings reports. Dana had a net margin of 2.79% and a return on equity of 34.30%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business earned $0.62 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Dana updated its FY 2019 guidance to $2.95-3.45 EPS and its FY19 guidance to $2.95-3.45 EPS.

NYSE:DAN opened at $19.11 on Friday. Dana has a fifty-two week low of $12.65 and a fifty-two week high of $28.61. The stock has a market capitalization of $2.76 billion, a PE ratio of 7.58, a PEG ratio of 1.86 and a beta of 1.90. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, February 28th. Dana’s dividend payout ratio is currently 15.87%.

Several large investors have recently added to or reduced their stakes in DAN. Frontier Capital Management Co. LLC boosted its holdings in shares of Dana by 117.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,814,475 shares of the auto parts company’s stock valued at $38,361,000 after buying an additional 1,520,977 shares in the last quarter. First Pacific Advisors LP purchased a new position in shares of Dana in the 3rd quarter valued at approximately $19,414,000. Precision Path Capital LP raised its position in shares of Dana by 270.3% in the 4th quarter. Precision Path Capital LP now owns 1,370,000 shares of the auto parts company’s stock valued at $18,673,000 after purchasing an additional 1,000,000 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Dana by 150.9% in the 4th quarter. Two Sigma Investments LP now owns 1,384,880 shares of the auto parts company’s stock valued at $18,876,000 after purchasing an additional 832,815 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Dana in the 3rd quarter valued at approximately $13,826,000. Institutional investors and hedge funds own 95.24% of the company’s stock.

Several brokerages have issued reports on DAN. Zacks Investment Research cut shares of Dana from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. TheStreet cut shares of Dana from a “b-” rating to a “c” rating in a report on Monday, October 29th. Royal Bank of Canada reiterated a “buy” rating and set a $21.00 target price on shares of Dana in a report on Monday, October 29th. KeyCorp began coverage on shares of Dana in a report on Monday, December 10th. They set an “overweight” rating and a $18.00 target price on the stock. Finally, Stephens reiterated a “hold” rating and set a $16.00 target price on shares of Dana in a report on Sunday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.91.

ILLEGAL ACTIVITY NOTICE: “Dana (DAN) Issues Quarterly Earnings Results” was first published by Zolmax and is the property of of Zolmax. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://zolmax.com/investing/dana-dan-issues-quarterly-earnings-results-beats-estimates-by-0-06-eps/2902542.html.

Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.

Featured Article: What is the Stochastic Momentum Index (SMI)?

Earnings History for Dana (NYSE:DAN)

Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

DAOstack  Trading Down 6.9% This Week
DAOstack Trading Down 6.9% This Week
Welltrado Reaches One Day Volume of $6,675.00
Welltrado Reaches One Day Volume of $6,675.00
Blue Capital Reinsurance  Upgraded to “Buy” by Zacks Investment Research
Blue Capital Reinsurance Upgraded to “Buy” by Zacks Investment Research
Direxion Daily MSCI India Bull 3x Shares  Announces $0.07 Quarterly Dividend
Direxion Daily MSCI India Bull 3x Shares Announces $0.07 Quarterly Dividend
Direxion Daily S&P 500 Bear 1x Shares  Increases Dividend to $0.15 Per Share
Direxion Daily S&P 500 Bear 1x Shares Increases Dividend to $0.15 Per Share
Newbium  Price Hits $0.0050 on Exchanges
Newbium Price Hits $0.0050 on Exchanges


Leave a Reply

 
© 2006-2019 Zolmax.